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Discuss one activity that generates externalities, positive or negative, that affects you. How does it affect you and what should the government or market do to encourage or discourage that activity?
A researcher has determined that a two-factor model is appropriate to determine the return on a stock. The factors are the percentage change in GNP and an interest rate. GNP is expected to grow by 4.5 percent, and the interest rate is expected to be ..
Red Valve Co. of Carnegie, Pennsylvania, makes a control pinch valve that provides accurate, repeatable control of abrasive and corrosive slurries, outlasting gate, plug, ball, and even satellite coated valves. How much can the company afford to spen..
Identify the following interest rate statements as either nominal or effective: 13% per year compounded monthly; 2.5% per quarter compounded quarterly; effective 2% per month compounded weekly; nominal 1.5% per month compounded daily; and 12% per yea..
Economicsts first proposed measuring utility with a unit of measure termed a util. What was the problem with his measure of utility? The fact that as we consume more of good we enjoy each subsquent unit less (1st hot wing vs. hot wing) is an example ..
A firm has the capacity to produce 1,000,000 units of a product each year. At present, it is operating at 70 percent of capacity. The firm’s annual revenue is $700,000. Annual fixed costs are $300,000, and the variable costs are $0.50 per unit. What ..
Two hundred paper mills compete in the paper market. The total cost of production (in dollars) for each mill is given by the formula TC = 500Qmill+ (Qmill)2 where Qmill indicates the mills annual production in thousands of tons. The marginal cost of ..
Researchers have found a hybrid of corn that is cheaper to grow. This technological break through
What is Anna’s optimal choice of comic books and AOG? Illustrate her optimal choice on a graph, using indifference curve-budget line analysis.
When the marginal-cost curve lies below the marginal-revenue curve. Assume that for a perfectly competitive firm marginal revenue equals rising marginal cost at 100 units of output. At this output level, the firm's total fixed cost is $600 and its to..
What is the main difference between a regular project contract and an energy performance contract? Define “Guaranteed Savings” contract type explaining the tasks of Customer and ESCO.
How did the concept of strict constructionism affect the development of banking and transportation during the antebellum years?
q.assume which at current factor cost s cloth is produced using 40 hours of labor for each acre of land and food is
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